ITR Filing

Do ensure that you don’t go with the late filing of the Income Tax, as it’s going to make you pay for penalty. It’s the tool for the Government which helps in accessing the wealth of the country and plan out services and schemes accordingly. Some cases, people do file late due to which they must go ahead with heavy penalty. It’s an official statement of the earnings of the individuals, claim of the refund and tax liability from the Government. While you are filing the Income tax return, means you are presenting the overall financials to the government. With the e-filling, the filing has become simple and straight forward. One could file by uploading the XML income tax document on the official site Income Tax. Assessment year, 31st July is the last date for the Returns and income tax payment. In some cases, there could be extension. For example, last date for 16-17 (Assessment year) was extended till 5th August. Read here news and article about Income tax return or ITR filing.

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